Most people claim the standard deduction on their federal tax return instead of itemizing deductions. How much can you claim?

Wondering what tax reporting might look like under the One Big Beautiful Bill Act (OBBBA)? The IRS has released drafts of some 2025 tax forms (that you’ll file in 2026), including a draft of the new ...

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...

WASHINGTON, DC - MARCH 10: (L-R) Rep. Vern Buchanan (R-FL) talks with committee chairman Rep. Jason Smith (R-MO) during a House Ways and Means Committee hearing. (photo by Drew Angerer/Getty Images) ...

A new, $4,000 'bonus' deduction would be available for those age 65 and older who fall within set income limits, under the House GOP mega-bill that passed in May. AARP's Nancy LeaMond says the group ...

Drivers are looking at a long list of rules if they're hoping to claim a new tax deduction for car loan interest on 2025 ...